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Bayerische Hypo- und Vereinsbank Rtgs Affirmed; Otlk Neg; WestHyp and WuerttHyp Under Review Aug 01
Standard & Poors, Aug 2001
Abstract
LONDON (Standard & Poor's) Aug. 31, 2001--Standard & Poor's today affirmed its single-'A'-plus long-term and its 'A-1' short-term counterparty credit ratings on Bayerische Hypo- und Vereinsbank AG (HVB) and related entities. In addition, the triple-'A' ratings on HVB's senior secured Pfandbriefe were also affirmed. The outlook on HVB and related entities is negative. At the same time, Standard & Poor's also affirmed its ratings on Pfandbrief Bank International S.A. (PBI), Bank Austria AG (BA), and HVB Real Estate Bank AG (HVB REB; formerly known as Bayerische Handelsbank AG; see separate press releases on BA and HVB REB for these rating actions). The ratings on related entities Westf-lische Hypothekenbank AG (WestHyp) and W-rttembergische Hypothekenbank AG (W-rttHyp) are under review. The ratings...
Companies mentioned in this report are: UniCredit Bank AG,Dresdner Bank AG,UniCredit Bank Austria AG,Allianz SE,Munich Reinsurance Co.,Westfaelische Hypothekenbank AG,Deutsche Pfandbriefbank AG,Hypo Pfandbrief Bank International S.A.
Action: Affirmed
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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